The Offer Binding Date is a date entered by the supplier during the request (RFP/RFQ) process that specifies the expiry date of their provided quote. It legally determines how long the supplier's pricing and terms are guaranteed to be valid.

Managing the Binding Date Setting

Your branch settings control whether this feature is used:

1. In the Branch Profile settings, you can choose whether to enable the binding date feature and whether to make it mandatory for suppliers to complete.
2. If the binding date is made mandatory, the supplier must enter a binding date to successfully submit their offer.

How it Affects the Request

Once the supplier enters a binding date, the system tracks it. If you review the request after the date has passed, that specific supplier's offer will automatically appear as Expired, indicating that the quoted prices and terms can no longer be officially accepted or converted into a transaction.

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